Coty withdraws full-year outlook as new CEO shifts focus to core brands
New CEO Markus Strobel has withdrawn Coty’s outlook to focus on core brands. The shift aims to improve discipline amid sluggish sales and rising competition.
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Coty Inc. announced today, February 5, 2026, that it has withdrawn its full-year guidance and is initiating a strategic refocus on its core brands under interim CEO Markus Strobel markus strobel. The decision, which follows Markus Strobel markus strobel taking the helm on January 1, marks a significant shift in the company’s earnings outlook and capital allocation strategy. The company, which operates extensively in the US 
US, warned that this refocusing effort will lead to lower near-term margins and adjusted EBITDA.
US, warned that this refocusing effort will lead to lower near-term margins and adjusted EBITDA.The announcement coincided with the release of the company's second-quarter results, which included net revenue of $1.68 billion. However, the outlook for the third quarter was significantly lowered, with Coty Inc. guiding for an adjusted EBITDA of $100 million to $110 million. This figure is well below the $201.6 million that analysts had expected. Following the announcement, shares of Coty Inc. saw an approximately 7% decline in after-hours trading.
